Can $TAO Hit $767 Again? Here Is My Honest Answer 👀
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You all know what happened... Covenant AI Bittensor's biggest subnet operator rage quit the entire network. That single event crashed TAO from $374 all the way to $248. Brutal
But here is what the charts are telling me now 👇
Weekly: RSI at 52. Neutral. Room to move either direction. Price bounced from $130 lows and built a base. Weekly structure not broken yet.
Daily: RSI at 31. Oversold. Price sitting right on EMA99 at $258 support. This is historically where TAO has bounced before. Volume picking up.
4H: RSI at 36. Still weak but stabilizing. Price consolidating between $248-$281 for days now. Compression before a move.
1H: RSI at 34. EMA7, EMA25, EMA99 all above price bearish short term but getting exhausted.
My honest view on $767 ATH 👇
Not impossible but not happening soon... Here is the roadmap I see:
First $TAO needs to reclaim $300 and hold it. Then $350 becomes possible. Then $400-$450 is the real test. ATH of $539 from this cycle is the bigger target before we even talk about $767.
The Covenant AI exit was a network crisis not a death sentence. Bittensor is still the leading decentralized AI network. Fundamentals intact. But trust needs to rebuild and that takes time.
Bottom line accumulation zone is here. $250-$270 is attractive for patient long term holders. Do not expect overnight recovery. 💰
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🚨 TAO JUST CRASHED 23% IN HOURS AND THE REASON WILL SHOCK YOU
Everyone was celebrating TAO's 100%+ rally... then THIS happened 💀
📉 $341 → $248 in a matter of hours... Nearly $900 MILLION wiped from market cap... Over $9.2M in long positions liquidated
⚠️ $TAO chart was already showing weakness before the news even hit... The EMA(9) crossed below EMA(21)... Price was rejected hard at $341... The chart whispered danger most ignored it
So what happened?
Covenant AI Bittensor's BIGGEST subnet operator just rage quit the entire network 🔥
They called Bittensor's decentralization a straight up LIE
Their exact words? Decentralization theatre 🎭
They accused founder Jacob Steeves of: ❌ Running the network like a dictatorship ❌ Cutting their subnet emissions as punishment ❌ Dumping tokens to manipulate the market ❌ Making changes without process and without consensus
And then? Covenant AI's founder sold 37,000+ TAO tokens on the way out 💸
Remember this is the same subnet that trained the Covenant 72B model that got NVIDIA CEO Jensen Huang's public endorsement...That's what sent TAO 90%+ to the upside
Now it's gone... Trust shattered... Price bleeding
🔑 The real question everyone needs to ask:
If the biggest builder calls your decentralized network centralized and walks away... what does that say about the project's foundation?
Is this a buy the dip moment? Or the beginning of a deeper unravel?
TAO has a halving coming in December 2026... Bullish fundamentals still exist... But governance trust is now broken
When I shared this nobody believed it. Now look at the chart.
From $2.58 to $4.85 that is 88% in days. Every member who followed is sitting in serious profit right now. House money running. Zero risk on the table.
4H structure is clean — EMA7 at $304, EMA25 at $271, EMA99 at $246. All three well below price in perfect bullish alignment. MACD strongly positive. Volume on the breakout candle was massive at 280K vs 8.3K average.
1H cooling down nicely — RSI pulled back to 76 from the peak. Volume normalizing. This is healthy consolidation after the initial pump. A pullback toward $310-$315 is possible and actually healthy before the next leg.
Up 11.83% today. Volume on 1H just hit 4M vs 145K average that is 27x normal volume. All EMAs aligned bullishly across 1H, 4H and 1D. This is not a random pump.
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Key level to watch daily candle close above $0.4436. If that confirms we are heading to $0.50 and beyond. 🎯
My Setup 👇
📍 Entry Zone: $0.415 — $0.430 📍 DCA: $0.400 if it pulls back 🎯 TP1: $0.500 🎯 TP2: $0.550+ 🛑 SL: $0.385
⚠️ One honest warning RSI is at 96 on 1H and 89 on 4H. Extremely overbought on lower timeframes. Do not chase this candle aggressively. Wait for a small pullback or DCA in slowly.
The daily close above $0.4436 is the confirmation signal. Without that close this remains a watch only setup.
Structure is strong. Volume is real. But patience on entry wins here. 💰